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行业在不同业务周期中的表现
How sectors perform in different business cycles
论文:Sector Business Cycle Analysis
There are different investment approaches to identify sector winners and losers, such as price momentum strategies, top-down approach based on specific macroeconomic indicators or bottom-up approaches to identify sectors with improving fundamentals. One widely used approach is business cycle analysis. Since economic cycles usually exhibit characteristics that impact sectors or industries differently, investors may identify sectors that are favored by the current economic phase.
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